Valley National Bancorp (NASDAQ: VLY) closed the day trading at $8.23 up 0.86% from the previous closing price of $8.16. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 7338397 shares were traded.
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Ratios:
For a better understanding of VLY, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on December 01, 2023, initiated with a Neutral rating and assigned the stock a target price of $9.50.
On October 30, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $11 to $10.
Morgan Stanley Downgraded its Equal-Weight to Underweight on September 27, 2023, whereas the target price for the stock was revised from $8 to $8.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 29 ’24 when WILLIAMS SIDNEY S bought 673 shares for $10.37 per share. The transaction valued at 6,979 led to the insider holds 21,605 shares of the business.
CHILLURA JOSEPH sold 50,000 shares of VLY for $497,500 on Dec 08 ’23. The SEVP, Chief Customer Officer now owns 541,235 shares after completing the transaction at $9.95 per share. On Nov 14 ’23, another insider, CHILLURA JOSEPH, who serves as the SEVP, Chief Customer Officer of the company, sold 100,000 shares for $8.64 each. As a result, the insider received 864,000 and left with 591,235 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VLY now has a Market Capitalization of 4.14B. As of this moment, Valley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.69, and their Forward P/E ratio for the next fiscal year is 6.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 0.64.
Stock Price History:
Over the past 52 weeks, VLY has reached a high of $11.32, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 9.47, while the 200-Day Moving Average is calculated to be 8.92.
Shares Statistics:
Over the past 3-months, VLY traded about 5.87M shares per day on average, while over the past 10 days, VLY traded about 8.92M shares per day. A total of 507.71M shares are outstanding, with a floating share count of 428.08M. Insiders hold about 15.88% of the company’s shares, while institutions hold 61.50% stake in the company. Shares short for VLY as of Feb 15, 2024 were 31.87M with a Short Ratio of 5.43, compared to 23.1M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.28% and a Short% of Float of 8.69%.
Dividends & Splits
VLY’s forward annual dividend rate is 0.44, up from 0.44 a year ago. Against a Trailing Annual Dividend Yield of 5.39%, it implies a Forward Annual Dividend Yield of 5.35%. The stock’s 5-year Average Dividend Yield is 4.29. The current Payout Ratio is 46.45% for VLY, which recently paid a dividend on Apr 02, 2024 with an ex-dividend date of Mar 13, 2024. Stock splits for the company last occurred on May 09, 2012 when the company split stock in a 105:100 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.2, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.24, with high estimates of $0.25 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.05 and $0.91 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.2, with 12 analysts recommending between $1.25 and $1.11.
Revenue Estimates
9 analysts predict $460.07M in revenue for the current quarter. It ranges from a high estimate of $483.77M to a low estimate of $452.9M. As of the current estimate, Valley National Bancorp’s year-ago sales were $520.3M, an estimated decrease of -11.60% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $477.8M, a decrease of -0.40% over than the figure of -$11.60% in the same quarter last year. There is a high estimate of $495.63M for the next quarter, whereas the lowest estimate is $470.59M.
A total of 11 analysts have provided revenue estimates for VLY’s current fiscal year. The highest revenue estimate was $2.01B, while the lowest revenue estimate was $1.91B, resulting in an average revenue estimate of $1.95B. In the same quarter a year ago, actual revenue was $1.89B, up 3.10% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.16B in the next fiscal year. The high estimate is $2.21B and the low estimate is $2.09B. The average revenue growth estimate for next year is up 10.70% from the average revenue estimate for this year.
